Tender for re-opening of 15-year Government Bonds under Institutional Bond Issuance Programme to be held on February 3

image_pdfimage_print

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (January 25) that a tender of 10-year Government Bonds (Bonds) through the re-opening of existing 15-year Government Bond issue 15GB3007 under the Institutional Bond Issuance Programme will be held on February 3 (Wednesday), for settlement on February 4 (Thursday).
 
     An additional amount of HK$1.7 billion of the outstanding 15-year Bonds (issue number 15GB3007) will be on offer. The Bonds will mature on July 16, 2030 and will carry interest at the rate of 2.13 per cent per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on January 25 is 112.24 with an annualised yield of 0.789 per cent.
      
     Under the Institutional Bond Issuance Programme, tender is open only to Recognized Dealers which are appointed as Primary Dealers. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the current published list, which can be obtained from the Government Bond Programme's website at www.hkgb.gov.hk. Each tender must be for an amount of HK$50,000 or integral multiples thereof.
 
     Tender results will be published on the HKMA's website, the Government Bond Programme's website, the Reuters screen (HKGBINDEX), and Bloomberg (GBHK <GO>) not later than 3pm on the tender day.

HKSAR Government Institutional Bond Issuance Programme tender information
——————————————————————————————-
     Tender information of re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme:
 

Issue Number : 15GB3007 (Re-open)
 
Stock code : 4227 (HKGB 2.13 3007)
 
Tender Date and Time : February 3, 2021 (Wednesday)
9.30am to 10.30am
 
Issue and Settlement Date for tender amount
 
: February 4, 2021 (Thursday)
Amount on Offer
 
: HK$1.7 billion
Maturity              
 
: 10 years
Remaining Maturity : Approximately 9.45 years
 
Maturity Date : July 16, 2030
 
Interest Rate     : 2.13 per cent p.a. payable semi-annually in arrears
 
Interest Payment Dates  : July 16, 2021
January 17, 2022
July 18, 2022
January 16, 2023
July 17, 2023
January 16, 2024
July 16, 2024
January 16, 2025
July 16, 2025
January 16, 2026
July 16, 2026
January 18, 2027
July 16, 2027
January 17, 2028
July 17, 2028
January 16, 2029
July 16, 2029
January 16, 2030
July 16, 2030
 
Method of Tender : Competitive tender
 
Tender Amount : Each competitive tender must be for an amount of HK$50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the current published list.
 
The accrued interest to be paid by successful bidders on the issue date (February 4, 2021) for the tender amount is HK$49.60 per minimum denomination of HK$50,000.
 
(The accrued interest to be paid for tender amount exceeding HK$50,000 may not be exactly equal to the figures calculated from the accrued interest per minimum denomination of HK$50,000 due to rounding).
 
Other details  : Please see Information Memorandum available on the Government Bond Programme's website at www.hkgb.gov.hk or approach Primary Dealers.
 
Expected commencement date of dealing on
the Stock Exchange
of Hong Kong Limited
: The tender amount is fully fungible with the existing 15GB3007 (Stock code: 4227) listed on the Stock Exchange of Hong Kong.

 

 
Price/Yield Table of the re-opening Government Bonds at tender for reference* only:
 

Yield-to-Maturity Price Yield-to-Maturity Price
-0.211 122.35 0.789 112.20 
-0.161 121.82 0.839 111.72
-0.111 121.29 0.889 111.24
-0.061 120.76 0.939 110.76
-0.011 120.24 0.989 110.29
0.039 119.72 1.039 109.82
0.089 119.20 1.089 109.35
0.139 118.68 1.139 108.88
0.189 118.17 1.189 108.42
0.239 117.66 1.239 107.96
0.289 117.15 1.289 107.50
0.339 116.64 1.339 107.04
0.389 116.14 1.389 106.58
0.439 115.64 1.439 106.13
0.489 115.14 1.489 105.68
0.539 114.64 1.539 105.23
0.589 114.15 1.589 104.78
0.639 113.66 1.639 104.34
0.689 113.17 1.689 103.90
0.739 112.68 1.739 103.46
0.789 112.20 1.789 103.02

 
* Disclaimer
 
The information provided here is for reference only. Although extreme care has been taken to ensure that the information provided is accurate and up-to-date, the HKMA does not warrant that all, or any part of, the information provided is accurate in all respects. You are encouraged to conduct your own enquiries to verify any particular piece of information provided on it. The HKMA shall not be liable for any loss or damage suffered as a result of any use or reliance on any of the information provided here.

Leave a Reply

Your email address will not be published.